Step 1.2: Select Your Business Address

Your business address is an important component in setting up the proper foundation. A true business address is what lenders look for when assessing your company's creditworthiness.

  • Module 1: Lender Compliance

    Step 1.2: Your Business Address

15% Lending Compliance Progress
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Select Your Business Address

In this section you will complete the following:

  1. Select your physical business address
  2. Select your business mailing address

  • Is Your Business Address Acceptable?

    Your business will have 2 addresses which can both be the same or different. The first is your physical business address (location of the business) and the second is your business mailing address.

    You can use your home address for the physical address of your business if you operate your business from home. If you do, we highly recommend that you set up a professional business mailing address.

    CLICK HERE to get a business mailing address at a commercial location.

    It’s important to remember some lenders will not fund “home based” businesses. This doesn’t mean you can’t build business credit, but it may limit your funding options.

    If you are using a physical business address other than your home than the best way to know if the address you are using will work or not is to test it using Experian’s address verification tool.

    If the address shows “residential or mail stop” it is something you should fix. If the address comes back as “business or unknown”, you are fine using that address for your business.

  • How to Get a Virtual Business Office

    To properly establish and build credit, your business needs a deliverable physical address and not a PO Box. In fact, many lenders and credit providers may “flag” your business even if you try to use a reformatted address from service locations like the UPS Store, Mail Boxes Etc. and Postal Annex.

    If you don’t have an actual storefront or office location, you can run your business from anywhere and still have a qualifying business mailing address with a Virtual Business Office.

    Note – If you use a virtual business office service, use that address for your business mailing address. Your home address will need to be used as the physical business location if it does not pass the address verification test.

    Here is what you can receive with a Virtual Business Office:

    *Live receptionist answering calls

    *Corporate mailing address

    *Company phone number

    *Company fax number

    *Voicemail converted to email

    *Premium call forwarding

    *Use of fully furnished offices and meeting rooms available

    CLICK HERE for the ultimate virtual business office solution

  • 1

    Task to Complete

    Select Your Physical Business Address

  • 2

    Task to Complete

    Select Your Business Mailing Address